LB Premarket | iPhone 14 may not increase prices, and NIO will launch new brand

News

1、Xpeng Motors: In July, a total of 11,524 units were delivered, an increase of 43% year over year; as of July 2022, the cumulative delivery of more than 80,000 units was 2.1 times that of the same period last year.

2. Li Auto Inc.: Delivered 10,422 Ideal ONE units in July, an increase of 21.3% year over year; the cumulative delivery since its listing in 2019 has reached 194,913 units.

3. NIO: The number of vehicles delivered in July was 10,052, an increase of 26.7% year over year; 60,879 vehicles have been delivered since the beginning of 2022, an increase of 22.0% year over year.

4. Missfresh denies issuing a notice that "the capital is disconnected from the chain and cannot operate normally".

5. Bloomberg said that Apple intends to stop the original plan to raise the price of the iPhone 14 by $100, the purpose may be to ensure foolproof sales. Because the mini model was cut, the average selling price of the iPhone 14 series will still increase as a whole.

6. HSBC Holdings' revenue in the first half of 2022 25.236 billion US dollars, and net profit 8.289 billion US dollars.

7. According to a number of people familiar with the matter, in addition to the two brands of NIO and Alps, NIO is planning to launch a third car brand to cover the mid-to-low-end market below 200,000 yuan. The price range of the third brand is mainly 100,000 -200,000 yuan.

8. [Yi Huiman: Accelerate the implementation of the overseas listing filing system for enterprises] Yi Huiman, chairperson of the China Securities Supervision Commission, said that the Securities Supervision Commission will accelerate the implementation of the overseas listing filing system for enterprises, keep the overseas listing channels unimpeded, and support all kinds of enterprises in accordance with laws and regulations. Going overseas for listing, make good use of two markets and two resources. Continue to strengthen the construction of regulatory capacity under the conditions of opening up, and further improve the cross-border fund monitoring and supervision mechanism and risk response plan. At the same time, strengthen pragmatic cooperation with the Hong Kong market, deepen the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism, further promote the enhancement of the Hong Kong market's ability to undertake the listing of domestic enterprises, support Hong Kong in consolidating its status as an international financial center, and promote the coordinated development of the two markets.

9. Investors expect Tesla CEO Elon Musk to sell more Tesla stock by the end of 2022, according to a new survey by MLIV Pulse. About 75% of the 1,562 respondents, including retail players and professional investors, said Musk would not ultimately buy Twitter, a deal that led him to sell about $8.5 billion of Tesla stock in April. Mike Lucas, CEO of TrueMark Investments, said Musk could sell Tesla stock regardless of the Twitter deal.

Movement

U.S. stocks premarket, Dow futures fell 0.02%, Nasdaq futures, S & P 500 futures fell 0.19%.

Boeing rose 5% after reports that the U.S. Federal Aviation Administration (FAA) approved a rework plan for Boeing's 787 planes and that Boeing will resume deliveries.

Alibaba and Pinduoduo rose more than 1%, while XPeng , Li Auto Inc. and NIO all rose more than 3%.

HSBC Holdings rose more than 7%, and its net profit attributable to the parent increased by 13.92% year over year to $8.289 billion in the first half of the year. It is expected to resume paying quarterly dividends next year.

The economic outlook remains at the center of attention in the U.S., where investors are closely monitoring data for signs of a slowdown in the wake of the Federal Reserve’s aggressive shift in monetary policy this year.

Facing the highest inflation in decades, the Fed has moved swiftly in tightening policy to tame higher prices, raising interest rates four times this year, including mega-sized, 75 basis-point rate hikes in June and July. With the central bank expected to keep increasing borrowing costs to dent economic demand, the risk remains that the U.S. will be pushed into recession.